By InvestAdvocate Lagos (INVESTADVOCATE)-Etisalat on Monday completed the transfer of 555 telecom towers to IHS Plc, the second tranche of a sale and leaseback deal announced last year, a Bloomberg report said. The report says the transaction for which no financial value was given, is part of Etisalat’s strategy to […]
Business News
Buffett to Acquire Precision Castparts in $37.2 Billion Deal
August 10, 2015/Bloomberg Warren Buffett’s Berkshire Hathaway Inc. agreed to buy Precision Castparts Corp., the maker of equipment for the aerospace and energy industries, in a deal valued at $37.2 billion, including debt. Buffett’s firm will pay $235 a share in cash, the companies said Monday in a statement. That’s […]
SEC Approves Proposed Merger of Transcorp Power Business Subsidiaries
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Securities and Exchange Commission SEC on August 6, 2015 granted an approval-in-principle to the proposed merger of the power business subsidiaries of Transnational Corporation of Nigeria Plc, the Transcrop Ughelli Power Limited (a Wholly-owned SPV) and Ughelli Power Plc (owner and operator of Ughelli […]
